News On The New Iphone And More Coming Up On Tech News....

Apple CEO Steve Jobs finally unveiled the long rumored iPhone 3G, the new version of the company's popular hand held device, at the Apple Worldwide Developer's Conference in San Francisco this week. The new iPhone will include several new features and will run much faster than the original model, which connected to the Internet through AT&T's EDGE network. But most interestingly to people considering the purchase of an iPhone is the price... the iPhone 3G will retail at 199-dollars, or at half the cost of the original model. Apple’s announcement proves they are committed to getting iPhones in the hands of users, and they dropped the price of the hot device in the face of the weakening economy in hopes of selling as many as 10 million units by the end of the year. The new iPhone will be available on July 11.

And AT&T is the reason Apple could drop the price of the phone. The company, which still has exclusive North American rights to the iPhone, is subsidizing 200-dollar rebates on the device, which will bring the cost of the 3G model down to the 199-dollar-pricetag. As the exclusive carrier of the iPhone, AT&T expects to make a bundle selling service plans for the new model..